NOTE 4 – EARNINGS PER SHARE Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows:
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|
|
|
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|
|
Three Months Ended |
|
(Dollars in thousands, except share data) |
March 31, |
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|
2026 |
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|
2025 |
|
Basic |
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|
|
|
|
Net (loss) income |
$ |
13,704 |
|
|
$ |
(13,906 |
) |
|
|
|
|
|
|
Weighted average common shares outstanding |
|
14,990,017 |
|
|
|
10,676,068 |
|
|
|
|
|
|
|
Basic (loss) earnings per common shares |
$ |
0.91 |
|
|
$ |
(1.30 |
) |
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|
|
|
|
|
Diluted |
|
|
|
|
|
Net (loss) income |
$ |
13,704 |
|
|
$ |
(13,906 |
) |
|
|
|
|
|
|
Weighted average common shares outstanding |
|
14,990,017 |
|
|
|
10,676,068 |
|
Plus dilutive stock options and restricted stock units |
|
51,893 |
|
|
|
64,016 |
|
|
|
|
|
|
|
Weighted average common shares outstanding and potentially dilutive shares |
|
15,041,910 |
|
|
|
10,740,084 |
|
|
|
|
|
|
|
Diluted (loss) earnings per common share |
$ |
0.91 |
|
|
$ |
(1.29 |
) |
There were no stock options that were considered anti-dilutive to earnings per share for the three months ended March 31, 2026 or the three months ended March 31, 2025.
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